In This Article:
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Revenue: EUR 1.26 billion, down 5.8% from the previous year.
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EBITDA pre: EUR 162.9 million, a decline of 3.3% from the previous year.
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EBITDA Margin: Increased to 15.9% from the previous year.
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Graphite Solutions Revenue: EUR 539 million, down nearly 5%.
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Process Tech Revenue: EUR 138.3 million, an 8% increase.
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Carbon Fiber Revenue: EUR 210 million, a decline of almost 7%.
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Composite Solutions Revenue: EUR 126 million, a 19% decline.
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Net Result: Negative EUR 80.3 million, impacted by EUR 118 million in restructuring costs and impairments.
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Free Cash Flow: Approximately EUR 40 million, down from EUR 95 million the previous year.
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Net Financial Debt: Reduced by 6% to EUR 108 million.
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Equity Ratio: 41.5%.
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Return on Capital Employed (ROCE): Increased to 11.4%.
Release Date: March 20, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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SGL Carbon SE (SGLFF) managed to keep its EBITDA margin stable at 15.9% despite a challenging business environment.
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The Process Tech business unit showed remarkable growth, with an 8% increase in sales and a nearly 50% jump in profitability.
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The company successfully reduced its net financial debt by 6%, achieving a healthy leverage ratio of 0.7.
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SGL Carbon SE (SGLFF) maintained a positive free cash flow of approximately EUR 40 million.
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The company demonstrated strong cost management, reducing indirect spending and optimizing headcount and structures.
Negative Points
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Overall sales declined by 5.8% compared to the previous year, with a significant impact from currency effects and portfolio changes.
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The Carbon Fiber business unit faced a 7% decline in sales and a substantial operational loss, leading to restructuring plans.
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The Composite Solutions unit experienced a 19% drop in sales due to the termination of a profitable automotive contract.
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The semiconductor and LED market segment, crucial for the Graphite Solutions unit, saw a slowdown, impacting sales and profitability.
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The company reported a negative net result of EUR 80.3 million, primarily due to restructuring costs and impairments.
Q & A Highlights
Q: Last year's CapEx was EUR97 million. Can you provide a specific figure for this year's CapEx, especially given the muted silicon carbide outlook? A: Thomas Dippold, CFO: We haven't provided a specific CapEx figure for this year. However, we expect our cash flow to remain positive. There will be some major CapEx, but likely not at last year's level. We also have some one-off restructuring costs for carbon fiber, totaling EUR50 million over the next two years.